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Quatro Co. Issues bonds dated January 1, 2019, with a par value of $900,000. The bonds' annual contract rate is 10%, and interest pald semiannually

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Quatro Co. Issues bonds dated January 1, 2019, with a par value of $900,000. The bonds' annual contract rate is 10%, and interest pald semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $947,165. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an effective interest amortization table for these bonds. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar.) Cash Interest Pald Bond Interest Expense Premium Amortization Semiannual Interest Porlod-End 01/01/2019 06/30/2019 12/31/2010 Unamortized Carrying Premium Value 47.165 S 947,165 39,3043 939,304 31 442 021443 $ 36,000 X $ RE000 30.309 S anna 5,691 3 5 QIR Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar) Semiannual Cash Bond Interest Interest Premium Unamortized Interest Carrying Period-End Paid Expense Amortization Premium Value 01/01/2019 $ 47,165S 947,165 06/30/2019 $ 36,000 $ 30,309 S 5,691 % 39,304 939,304 12/31/2019 36.000 30,082 5,918 31,443 931,443 06/30/2020 36,000 3 29,845 3 6,155 23,582 925,288 12/31/2020 36.000 3 29,559 6,4013 15,721 918,887 06/30/2021 36,000 3 29,343 % 6.657 7.860 912.230 12/31/2021 36,000 23,770 12,230 0 900,000 Total $ 216,000 $ 168,835 $ 47,165

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